[Federal Register Volume 85, Number 117 (Wednesday, June 17, 2020)]
[Notices]
[Page 36627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13069]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-777, OMB Control No. 3235-0729]


Proposed Collection for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Form N-CEN

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (the ``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    The title for the collection of information is ``Form N-CEN under 
the Investment Company Act of 1940.'' Form N CEN is used to collect 
annual, census-type information for registered funds. Filers must 
submit this report electronically using the Commission's electronic 
filing system ``(EDGAR'') in Extensible Markup Language (``XML'') 
format. The purpose of Form N-CEN is to satisfy the filing and 
disclosure requirements of Section 30 of the Investment Company Act, 
and of rule 30a-1 thereunder.
    We estimate that the average annual hour burden to complete the 
generally applicable items on Form N-CEN response will be 12.31 hours 
per year. We estimate that the aggregate annual hour burden to complete 
the generally applicable items will be 34,899 hours per year. We 
therefore estimate that filers would have total average annualized 
paperwork related expenses related to complete the generally applicable 
items of $12,249,496.35 for reports on Form N-CEN. Additionally, we 
estimate that filers will be required to file 12,365 responses related 
to liquidity risk management items on Form N-CEN. We estimate that the 
average annual hour burden of the liquidity risk management items on 
Form N-CEN will be one hour per response per year, for an additional 
average annual hour burden of 12,365 hours and average aggregate time 
costs of $4,340,115. Additionally, we estimate that filers will be 
required to file 9,854 responses regarding swing pricing. We estimate 
that the average annual hour burden as a result of the swing pricing-
related items on Form N-CEN will be an additional 0.5 hour per fund per 
year for an average annual hour burden of 4,927 hours and average 
aggregate time costs of $1,729,377. We estimate that filers will be 
required to file 2,091 responses regarding rule 6c-11. For these 
responses related to rule 6c-11, we an average annual hour burden of 
0.1 hour per response per year, for an average annual hour burden of 
209.1 hours and average aggregate time costs of $73,394.1.
    We estimate that the total hour burdens and time costs associated 
with Form N-CEN, including the burdens associated with the liquidity-
related, swing pricing-related, and rule 6c-11-related items, will 
result in an average annual hour burden of 52,397 hours and average 
aggregate time costs of $18,392,382.45.
    The requirements of this collection of information are mandatory. 
Responses will not be kept confidential. An agency may not conduct or 
sponsor, and a person is not required to respond to a collection of 
information unless it displays a currently valid control number.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: June 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-13069 Filed 6-16-20; 8:45 am]
BILLING CODE 8011-01-P


